Saturday, January 31, 2009

Real Estate Course: Day Twenty-Seven of 30 Day Action Plan

Day 27
  1. Talk to one person every day about your private money program
  2. Lunch with an expert (realtor/title officer/mortgage broker)
  3. Follow-up with everything

Day Twenty-seven: Private money! We have been talking about this for the past four weeks. That is how important this is to your business. It is absolutely vital. If you have not done this over the past weeks then you might as well quit now because you need the money to continue your business. Yes you can get some from a bank, if you have god credit and a large down payment but that will only take to two or three properties. I do not know about you but my business model involves many more properties than four. So go pull out your warm list and review how everyone on it responded to your offer. Compile a list of people who said no because you will go back to these people. We want to give them five opportunities to say no.

You have had some good lunches over the past four weeks. Though your lunches you have been talking and building your power team. Continue to talk and network with these people. They can help you in the success of your business so help them with theirs.

Remember to follow-up on all the properties you have written offers on. Follow-up is a key to the success. Check in with sellers you have talked to and made offers on. Things change over time and they maybe more receptive to your offer.

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